The White Law Group, LLC » Vincent Joseph Farrugia http://www.whitesecuritieslaw.com A Boca Raton, Florida and Chicago, Illinois based securities fraud, securities arbitration and investor protection law firm. Fri, 30 Jul 2010 12:27:29 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Vincent Joseph Farrugia, Jr. of Lawrenceville , Georgia fined and censured by FINRA for securities fraud violations. http://www.whitesecuritieslaw.com/431/vincent-joseph-farrugia-jr-of-lawrenceville-georgia-fined-and-censured-by-finra-for-securities-fraud-violations/ http://www.whitesecuritieslaw.com/431/vincent-joseph-farrugia-jr-of-lawrenceville-georgia-fined-and-censured-by-finra-for-securities-fraud-violations/#comments Tue, 02 Feb 2010 02:27:59 +0000 CarterPA http://carterpa.com/431/vincent-joseph-farrugia-jr-of-lawrenceville-georgia-fined-and-censured-by-finra-for-securities-fraud-violations/ FINRA recently announced that Vincent Joseph Farrugia, Jr. of Lawrenceville , Georgia (formerly a financial advisor with Next Financial Group, Inc.) has been fined $15,000 and suspended from association with any FINRA member in any capacity for four months. Without admitting or denying the findings, Farrugia consented to the described sanctions and to the entry of findings that he exercised discretion in effecting transactions in a customer’s account without the customer’s prior written authorization and his member firm’s prior written acceptance. The findings further stated that Farrugia made unsuitable investment recommendations to the customer to invest in penny stocks and other speculative securities without a reasonable basis, given the customer’s financial condition and investment objectives.

Prior to working as a stockbroker at Next Financial Group, Inc., Vincent Farrugia was registered as a financial advisor with Delta Equity Services, Corporation (a registered broker-dealer based in Alpharetta, Georgia) and Janney Montgomery Scott, LLC (a registered broker-dealer based in Philadelphia, Pennsylvania.

According to his FINRA Broker Report (CRD), FINRA’s investigation is not the first time Farrugia has been named in a claim related to securities fraud. Farrugia has also been named in at least one customer complaint. In that instance, the customer made allegations of churning and unsuitable trading (related to the purchase of penny stocks) and claimed damages of approximately $80,000.

If you have questions about investments you made with Vincent Joseph Farrugia, or if you believe that you have been the victim of a securities fraud, the Law Offices of David A. Carter, P.A. may be able to help. David A. Carter is a securities lawyer based in Boca Raton, Florida. He reviews securities fraud cases throughout the country and Georgia, including reviewing securities fraud cases in Atlanta, Marietta, Athens, Smyrna, Augusta, Macon, Columbus, Savannah, and Albany. For more information on the firm’s securities fraud practice, please visit http://www.carterpa.com. To contact the Law Offices of David A. Carter, P.A., please call 561-750-6999 or email us at contact@carterpa.com.

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